4 ms·

In UK, consumer protection for Credit Cards is guaranteed by law (Section 75 of the Consumer Credit Act), but not for Debit Cards (that's contractual).

rcbdev 9mo ago
The UK is often completely out of step with consumer protections in the EU.
- lostlogin 9mo ago
  If a pan European system takes off, it’ll be interesting to see what happens with the UK. Their self-harming has been impressive.
- alibarber 9mo ago
  Is it? Can’t say I’ve really noticed it. In fact just today I read this article in my EU country that sounds almost identical to what this comment describes: https://yle.fi/a/74-20209419 https://yle.fi/a/74-20209419 “ If, for example, the payment was made by credit card and the product has not been delivered, the consumer can contact their credit card company directly and request a refund. Credit card firms can usually refund the money quickly, Beurling-Pomoell noted, whereas consumers who paid by debit card must try to claim their money back from the bankruptcy estate. "Unfortunately, [reclaiming money from a bankruptcy estate] is usually a very long and difficult process. Consumers are generally in a relatively weak position when a company goes bankrupt," he said. Beurling-Pomoell added that consumers should always consider using a credit card when purchasing a product that they do not immediately receive.”
  - deleted 9mo ago
    [deleted]
- hardlianotion 9mo ago
  I think some examples are in order - where has the UK, having recently left the EU, changed its laws so that it was completely out of step with consumer protection? Or is this one thing that made it necessary for them to leave the union, perhaps?
- drnick1 9mo ago
  The "consumer protections" of the EU basically amount to communism (i.e., state interference in private matters). So no, that's not a thing the U.K. should emulate.
  - hermanzegerman 9mo ago
    Well the average bloke inside the EU is much better off than those in the UK. So much success for your policies https://www.ft.com/content/837a7b40-f534-11e3-91a8-00144feabdc0 https://www.ft.com/content/837a7b40-f534-11e3-91a8-00144feab...
    - gpderetta 9mo ago
      I somehow doubt that parent is British or has any clue about life in UK.

rcbdev 9mo ago

The UK is often completely out of step with consumer protections in the EU.

lostlogin 9mo ago
If a pan European system takes off, it’ll be interesting to see what happens with the UK. Their self-harming has been impressive.
alibarber 9mo ago
Is it? Can’t say I’ve really noticed it. In fact just today I read this article in my EU country that sounds almost identical to what this comment describes: https://yle.fi/a/74-20209419 https://yle.fi/a/74-20209419 “ If, for example, the payment was made by credit card and the product has not been delivered, the consumer can contact their credit card company directly and request a refund. Credit card firms can usually refund the money quickly, Beurling-Pomoell noted, whereas consumers who paid by debit card must try to claim their money back from the bankruptcy estate. "Unfortunately, [reclaiming money from a bankruptcy estate] is usually a very long and difficult process. Consumers are generally in a relatively weak position when a company goes bankrupt," he said. Beurling-Pomoell added that consumers should always consider using a credit card when purchasing a product that they do not immediately receive.”
- deleted 9mo ago
  [deleted]
hardlianotion 9mo ago
I think some examples are in order - where has the UK, having recently left the EU, changed its laws so that it was completely out of step with consumer protection? Or is this one thing that made it necessary for them to leave the union, perhaps?
drnick1 9mo ago
The "consumer protections" of the EU basically amount to communism (i.e., state interference in private matters). So no, that's not a thing the U.K. should emulate.
- hermanzegerman 9mo ago
  Well the average bloke inside the EU is much better off than those in the UK. So much success for your policies https://www.ft.com/content/837a7b40-f534-11e3-91a8-00144feabdc0 https://www.ft.com/content/837a7b40-f534-11e3-91a8-00144feab...
  - gpderetta 9mo ago
    I somehow doubt that parent is British or has any clue about life in UK.